ADC Agree Realty Corp.

$ADC The insiders have bought and I did too. More details on a Substack later, I'll make this post open to all.

$ADC Raised the dividend by 3.4% yesterday. The safest dividend is the one that has just been raised 😉

It's crazy looking at year to date charts of a REIT vs the S&P 500. Many REITs were significantly outperforming the market early this year. The market was pricing in 3 rate hikes to start the year while REITs were trading at their lowest multiple in years. Then the rate environment completely shifted, and REITs have seen a serious pullback in the last couple of months. Charted out is ADC vs the S&P 500 year to date. Price movements align almost perfectly with the way the rate environment has changed. $ADC

$ADC Three reasons to buy: 1-The P/B ratio of 1.3 is attractive and equals that of Realty Income 2-Insiders have bought at $68 $73 and $74 3-September is a historically weak month for ADC. Then the stock recovers in October and November.

$ADC — Director John Rakolta Jr. has bought $3.6M over 18 days · Third disclosure since 8/31: $1.47M, $724K, then $1.38M. · PRESIDENT & CEO Joey Agree bought $501K alongside them. · 2 insiders have bought $4.08M here in the last 18 days. Not investment advice.